Pitchblack Announces Transfer to NEX Board

TORONTO, ONTARIO--(Marketwired - Aug 1, 2014) - Pitchblack Resources Ltd. (TSX VENTURE:PIT) ("Pitchblack" or the "Company") has received notice from the TSX Venture Exchange (the "TSXV") that effective the opening of trading on August 1, 2014, Pitchblack's stock exchange listing will be transferred to the TSXV's NEX board ("NEX") as a result of the Company's failure to meet the Continued Listing Requirements as a Tier 2 issuer on the TSXV. The Company's common shares will trade under the symbol PIT.H. There will be no change in the Company's name, no change in its CUSIP number and no consolidation of capital. NEX is a separate board of the TSXV that is designed to provide a trading forum for publicly listed companies while they assess their business plans, operations, and formulate a strategy to reactivate their businesses for future growth.

About Pitchblack Resources Ltd.

Pitchblack Resources Ltd. has uranium, coal and gold assets in the Yukon Territory, Canada. The Company is currently reviewing the potential of these properties.

Forward - Looking Information

This press release contains "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.